Abberly Green Apartments

117 Abberly Green Boulevard, Mooresville, NC 28117
Call: 844-379-4792 Email UsAbberlyGreen.PropertySite.HHHunt@aptleasing.info View Map

Opens: Monday-Friday: 9A-6P | Saturday: 10A-5P | Sunday: 1P-5P

Apartments Mooresville NC Blog

Live Near One of America's Best Cities

Joseph Coupal - Wednesday, June 27, 2018

Abberly Green Apartments in MooresvilleAs the land of opportunity, the United States has attracted people from around the world for centuries. Yet not all parts of the country are equally desirable, and some cities are far more liveable than others.

On an individual level, subjective measures often override other, more objective, considerations. Sometimes, we live in a place simply because it is where we grew up — it is familiar and where we feel at ease. Still, a range of factors can help compare U.S. cities objectively. Low crime, a healthy economy, and affordability are just a few examples of universally desirable attributes in any community.

24/7 Wall St. created an index of over three dozen socioeconomic measures to identify the 50 best American cities to live in. The most liveable cities span the country — from the Deep South to New England and from the Mid-Atlantic to the Pacific Northwest.

26. Charlotte, North Carolina

  • Population: 842,029
  • Median home value: $201,500
  • Poverty rate: 13.4%
  • Pct. with at least a bachelor’s degree: 44.1% (top 25%)

Charlotte is one of two cities in North Carolina with populations expanding at a near nation-leading pace and are among the 50 best places to live. Charlotte’s population increased by 24.7% over the past 10 years, more than three times the U.S. growth rate and the most of any city in North Carolina other than Raleigh or Cary.

Charlotte’s rapid growth is largely supported by a prosperous economy. North Carolina was one of the first states to allow banks to operate multiple branches within a single state, a regulation that led to banks rapidly expanding throughout Charlotte and the surrounding region. Today, Charlotte is home to the headquarters of Bank of America and the East Coast operations of Wells Fargo. Financial services is one of many sectors leading employment growth in the city, which was more than double the U.S. employment growth rate from 2014 to 2016. Charlotte is also home to numerous entertainment amenities including an NFL team, an NBA team, and the Carowinds amusement park.

For more information on apartments in Mooresville, NC down the road from Charlotte, contact Abberly Green.

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247wallst.com


You Can Afford Rent in the Charlotte Area

Joseph Coupal - Wednesday, June 20, 2018

Abberly Green Apartments in MooresvilleRent prices have risen over the past year across the U.S., but there are some bright spots: Several cities experienced modest price drops. In fact, the Charlotte area experienced an overall drop in rent prices.

Although rental rates went up nationwide, the increase was actually fairly modest at about 1.5 percent. That's down from a high of 3.6 percent in 2015. The increase was so minimal that it actually lagged the wage growth (2.7 percent) and overall inflation (2.5 percent).

Others that track the real estate market have also noted the slowing of rent prices. Year-over-year growth was down to 2.3 percent, falling from a 2015 rate of 4.7 percent.

It's definitely great news for renters.

To calculate rent growth rates, Apartment List looked at year-over-year changes using rent data collected from Census information through the American Community Survey that included properties ranging from large multifamily buildings to single-family homes. The site then extrapolated those rent estimates forward using price change data from the millions of properties listed on ApartmentList.com.

Of the 25 biggest cities in the U.S., Apartment List found seven where median rental rates actually decreased year over year.

The Charlotte area is one of these cities.

For more information on apartments in Mooresville, NC contact Abberly Green.

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cnbc.com


Hidden Homeownership Costs Often Top $9K a Year

Joseph Coupal - Wednesday, June 13, 2018

Abberly Green Apartment Homes in MooresvillePrepare yourself by knowing the less-obvious costs of owning a home. Insurance, maintenance and more add up faster than you think.

Buyers too often focus on a home’s list price or mortgage payment to determine what they can afford. However, the numerous less-obvious costs associated with homeownership can affect the monthly bottom line.

To help home buyers budget more accurately, Zillow and Thumbtack identified several common but often overlooked home expenses and calculated what homeowners around the country could expect to pay for them. The analysis also included utility cost estimates.

While each extra expense might seem small, they cost U.S. homeowners, on average, $9,080 a year, according to the report.

Unavoidable costs

Nationally, homeowners pay an average of $6,059 a year in unavoidable costs, which include homeowners insurance, property taxes and utilities. Since nearly half (47 percent) of home shoppers today are first-time buyers, many of these extra costs may come as a surprise.

Maintenance expenses

Nearly all homeowners (96 percent) have made some kind of improvement to their homes. While many complete these projects themselves, those who pay professionals can expect to spend an average of $3,021 for the six most common hired home projects: carpet cleaning, yard work, gutter cleaning, HVAC maintenance, house cleaning and pressure washing.

Budget planning

More than a third of buyers go over budget on a home purchase. In addition to the mortgage, the price includes estimated property taxes, insurance, PMI, utilities, taxes, HOA fees and closing costs.

For more information on apartments in Mooresville, NC contact Abberly Green.

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zillow.com


It Cost More to Own vs. Rent a Home in North Carolina

Joseph Coupal - Wednesday, June 06, 2018

Abberly Green Apartments in MooresvilleOwning a home is often considered the American dream — and it's an expensive one. Homeowners in all 50 states and Washington, D.C., pay from 33% to 93% more for housing each month than do renters living in the same state, according to a new NerdWallet analysis.

But many homeowners reap benefits that you can't get from renting, such as financial security and stability, tax deductions and a vehicle for retirement savings. 

While renting can't offer those long-term financial benefits, it's cheaper to rent on a month-to-month basis, the analysis found. If you're wondering how to save money for a down payment, renting can help you build that nest egg — but in extremely expensive or competitive markets, renting might be better for the long haul.

To determine the monthly homeownership premium — the additional cost of owning instead of renting, expressed as a percentage — NerdWallet compared 2015 American Community Survey data from the U.S. Census Bureau for the median gross rent and median homeownership cost in each state and Washington, D.C. Median gross rent includes the costs of monthly rent and utilities for all kinds of rental properties, and median homeownership cost includes monthly mortgage payments, real estate taxes, insurance and utilities.

This comparison doesn't include the down payment required to buy a home, which is traditionally 20% of the home price for conventional mortgages, but is lower for FHA or VA loans.

Key takeaways

Owning is more expensive everywhere. Across all 50 states and Washington, D.C., it costs more each month to own a home than to rent. The median cost people pay nationwide to own a home is 54% more than the median cost to rent each month.

The smallest difference is still a third more to own. The state where the premium to own a home is lowest is Florida, where it costs a median of 33% more to own than to rent. The states with the next lowest premiums are Colorado (40%) and Arizona (41%).

In some states, the cost of owning far eclipses renting. In New Jersey, the state with the highest homeownership premium, the median monthly cost of owning is nearly double that of renting (93%). The next most expensive places to own are Rhode Island, where the median homeownership cost is 84% higher than renting, and Connecticut, where owners pay a median of 82% more than renters each month for housing.

Here's how much more it costs to own vs. rent each month in North Carolina - 49%.

For more information on apartments in Mooresville, NC, contact Abberly Green.

#HowYouLive

Nerdwallet.com



Abberly Green Apartments

117 Abberly Green Boulevard, Mooresville, NC 28117

Call: 844-379-4792
Email UsAbberlyGreen.PropertySite.HHHunt@aptleasing.info
View Map

Opens: Monday-Friday: 9A-6P | Saturday: 10A-5P | Sunday: 1P-5P

$839-$1,239